Dakota Wealth Management Boosts Stake in Northrop Grumman Corporation $NOC

Dakota Wealth Management raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,637 shares of the aerospace company’s stock after purchasing an additional 80 shares during the quarter. Dakota Wealth Management’s holdings in Northrop Grumman were worth $2,319,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NOC. Redhawk Wealth Advisors Inc. grew its stake in Northrop Grumman by 3.0% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company’s stock worth $330,000 after purchasing an additional 19 shares in the last quarter. Salvus Wealth Management LLC grew its stake in Northrop Grumman by 1.5% during the 1st quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company’s stock worth $691,000 after purchasing an additional 20 shares in the last quarter. IAG Wealth Partners LLC grew its stake in Northrop Grumman by 8.4% during the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 21 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in Northrop Grumman by 3.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares in the last quarter. Finally, Clearstead Trust LLC grew its stake in Northrop Grumman by 12.8% during the 1st quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 22 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NOC shares. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research report on Tuesday, July 8th. Robert W. Baird upped their price objective on Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial reissued a “buy” rating and issued a $625.00 target price (up from $550.00) on shares of Northrop Grumman in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their target price on Northrop Grumman from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $588.85.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $594.50 on Friday. The company has a market cap of $85.12 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 5.61 and a beta of 0.13. The stock has a 50 day simple moving average of $580.34 and a 200-day simple moving average of $525.00. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $600.99. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is 34.06%.

Northrop Grumman Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.